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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026
EnvironmentCalifornia

Wealthy California neighborhood is plagued by a landslide moving 9 inches per week

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July 29, 2024, 7:25 PM ET
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Don Schmid walks towards his home on Dauntless Drive where the ongoing landslide continues to damage homes, streets, sidewalks and water lines in the Portuguese Bend neighborhood in Palos Verdes.Genaro Molina/Los Angeles Times via Getty Images
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Natural gas service to 135 homes was being cut Monday in a neighborhood on Southern California’s Palos Verdes Peninsula due to worsening conditions in an area where a long-running landslide has damaged houses, roads and utilities, authorities said.

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Southern California Gas Co. cited “significant strain” on its infrastructure in announcing during the weekend that natural gas service would be shut off to homes in the Portuguese Bend area of the city of Rancho Palos Verdes.

“We regret this unexpected disruption of service,” the company said in a statement. “This dynamic situation requires we take immediate action to protect public safety.”

The land is moving as much a 9 inches (22.8 centimeters) per week, the company said.

The gas company said it will give $2,500 to each account holder to help with immediate needs, such as laundry and meals. There was no estimate for restoration of service.

Portuguese Bend is among several neighborhoods in an area of ancient landslides. Significant increases in land movement began in spring 2023, following heavy winter rains. Water percolating into the ground is believed to be lubricating the earth.

Earlier this year, earth movement forced the dismantling of the landmark Wayfarers Chapel to prevent it from being destroyed. It is hoped that it can be reconstructed elsewhere.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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